BIG BOSS
VIKAS PARSHURAM SAMWATSARE
CNX Bank Index lost -243.50 points or -2.23 %. Amongst the banking stocks Canara Bank, Dena Bank and State Bank of India lead the row.
Bank Nifty Futures shut stop at 10661.05 down by -210.25 points or -1.93 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10520 else above resistance level of 10685 it would be in an upward trend.
It has resistance close to the level of 10685 above this level the next resistance near to the level of 10980. It has support close to the level of 10520 & below this level the next support near 10370 marks.
The markets closed in the red for the third consecutive day of the week as heavyweights RIL, SBI and ONGC witnessed selling pressure through the day. The S&P CNX Nifty closed the day down -18.35 points or -18.35 % at 5420.60.
The Nifty futures closed and settled finally at 5424.05, down by -23.35 or -0.43 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5380 else above resistance level of 5465 it would be in an upward trend.
It has resistance close to the level of 5465 & above this level the next resistance near the 5540 mark. It has support close to the level of 5380 & below this level the next support near 5310 mark.
BAJAJ AUTO
The stock has successfully tried to take support at lower levels and had an up rally. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock.
Resistance2- 1362, Resistance1- 1324.7, Pivot Point 1292.5
Support1- 1255.2, Support2- 1223
HINDALCO
After a continuous downtrend in the stock the stock moved up during the trading hours and showed some recovery. The trend presently in the stock is sideways. The stock is now facing resistance at 199 and has support at 191. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
Resistance2- 200.65, Resistance1- 198.6, Pivot Point 196.45
Support1- 194.4, Support2- 192.25
BHARTI AIRTEL
The stock consolidated with positive biasness this week. One could go for buying on dip strategy in the stock, its next resistance level is at 376.50, and crossing of this rally may continue the up rally of the stock.
Resistance2- 377.98, Resistance1- 374.97, Pivot Point 371.98
Support1- 368.97, Support2- 365.98
DLF
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2- 235.42, Resistance1- 232.83, Pivot Point 229.3
Support1- 226.73, Support2- 223.22
HDFC BANK
The stock was consolidating during the trading hours and the major trend presently in the stock is sideways. The stock is facing resistance at 2325 and has support at 2220. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
Resistance2- 2297.38, Resistance1- 2282.37, Pivot Point 2262.68
Support1- 2247.67, Support2- 2227.98
VIKAS PARSHURAM SAMWATSARE
CNX Bank Index lost -243.50 points or -2.23 %. Amongst the banking stocks Canara Bank, Dena Bank and State Bank of India lead the row.
Bank Nifty Futures shut stop at 10661.05 down by -210.25 points or -1.93 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10520 else above resistance level of 10685 it would be in an upward trend.
It has resistance close to the level of 10685 above this level the next resistance near to the level of 10980. It has support close to the level of 10520 & below this level the next support near 10370 marks.
The markets closed in the red for the third consecutive day of the week as heavyweights RIL, SBI and ONGC witnessed selling pressure through the day. The S&P CNX Nifty closed the day down -18.35 points or -18.35 % at 5420.60.
The Nifty futures closed and settled finally at 5424.05, down by -23.35 or -0.43 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5380 else above resistance level of 5465 it would be in an upward trend.
It has resistance close to the level of 5465 & above this level the next resistance near the 5540 mark. It has support close to the level of 5380 & below this level the next support near 5310 mark.
BAJAJ AUTO
The stock has successfully tried to take support at lower levels and had an up rally. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock.
Resistance2- 1362, Resistance1- 1324.7, Pivot Point 1292.5
Support1- 1255.2, Support2- 1223
HINDALCO
After a continuous downtrend in the stock the stock moved up during the trading hours and showed some recovery. The trend presently in the stock is sideways. The stock is now facing resistance at 199 and has support at 191. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
Resistance2- 200.65, Resistance1- 198.6, Pivot Point 196.45
Support1- 194.4, Support2- 192.25
BHARTI AIRTEL
The stock consolidated with positive biasness this week. One could go for buying on dip strategy in the stock, its next resistance level is at 376.50, and crossing of this rally may continue the up rally of the stock.
Resistance2- 377.98, Resistance1- 374.97, Pivot Point 371.98
Support1- 368.97, Support2- 365.98
DLF
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2- 235.42, Resistance1- 232.83, Pivot Point 229.3
Support1- 226.73, Support2- 223.22
HDFC BANK
The stock was consolidating during the trading hours and the major trend presently in the stock is sideways. The stock is facing resistance at 2325 and has support at 2220. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
Resistance2- 2297.38, Resistance1- 2282.37, Pivot Point 2262.68
Support1- 2247.67, Support2- 2227.98
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